Driven by the benefits of listing at a high premium, financial fraud in listed companies has become a widespread problem worldwide. In the face of economic interests, even developed countries with relatively complete laws and policies cannot completely eliminate financial fraud. The financial fraud incidents of listed companies have seriously disrupted the normal order of my country’s capital market. Therefore, the specific financial data of listed companies are analyzed to obtain the influence of financial indicators on the identification of financial fraud and to determine whether there is financial fraud in listed companies.